TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Interest and Penalties

September 08, 2009

Today TaxMama hears from Gary in Arizona with this question. “I am making payments to the IRS, and they charge interest and a penalty. Can I deduct these two from my income tax?â€



Dear Gary,

That’s an excellent question.

And I am surpris